April Product Update
✨ BETA TESTING✨
Exciting new features are coming to Re-Leased soon! Here’s your chance to beta-test them before the official launch and get a sneak peek of what’s coming in the months ahead. Navigate to the ? mark symbol and click Available Betas to enable available beta testing options for your company.
- beta testingSupplier Compliance - Core and Pro users only
- beta testingDate Type Selection feature for financial reports - Trust and Client accounting users only
✨ Property Management ✨
Add tags when logging maintenance for better organisation from the start
improvements
We’ve improved the maintenance task creation flow to help you create maintenance tasks faster and stay organised from the start. The creation flow is now cleaner and easier to use, and you can also add tags immediately when logging a new maintenance task, which will make it simpler for you to group, prioritise, and track tasks across your portfolio right from the moment they’re created.
✨ Accounting✨
Consolidate line Items for rent and outgoings invoice PDFs
improvements
The "Consolidate Line Items" setting provides a simplified invoice PDF presentation for rent and outgoings/service charge invoices. When enabled, this feature displays multiple line items as a single entry with a descriptive label showing the relevant period.
How It Works
When the "Consolidate Line Items" setting is turned on
- Rent Invoices : All line items will be consolidated into a single line displaying "Rent for the period [start date] - [end date]"
- Outgoings/Service Charge Invoices : All line items will be consolidated into a single line displaying "Outgoings for the period [start date] - [end date]"
Important Limitations
1. Invoice Type Restriction: This setting only works with rent and outgoings/service charge invoices. Other invoice types will continue to display all line items individually.
2. Tax Rate Column Compatibility: The optional tax rate column cannot be displayed when the "Consolidate Line Items" setting is enabled. These two settings cannot be used simultaneously.
Trust/Client Accounting customers: Fee invoices that finally make sense
improvements
With our latest Trust and Client Accounting update, fee invoices are now correctly addressed to property owners, include clear payment advice confirming that fees will be automatically deducted from the client account, and can be automatically included with owner statements. These updates can also be configured at the individual owner level to suit different reporting requirements.
What's changed?
1. Fee Invoice Format Updates: The updated fee invoice format now displays the property owner’s name and address, shows the managing agent’s tax number in the top right corner, and includes this standard payment note: “Payment will automatically be deducted from client account, no further payment is required.”
2. Sending Owner Statements : A new "Fee invoice" checkbox column has been added in the "Owner communications" section of disbursement correspondence.
Xero accounting customers: Rounding support on invoices for Xero
improvements
Our Xero integration now supports rounding on invoices, including both positive and negative variances.To ensure accurate totals across both systems, we automatically add a rounding line item to invoices that require rounding when syncing to Xero. This uses Xero’s dedicated “Rounding” Chart of Accounts. This ensures invoice totals match the source system, and we sync that rounding line back into Re-Leased so that both systems stay and look aligned.
✨ Re-Leased Pay✨
More flexibility with Re-Leased Pay: Configure payment methods and fee allocation your way
improvements
Re-Leased Pay customers can now easily manage which payment methods are available to tenants and who covers transaction fees.
Set different payment options and fee rules based on the company or type of property, such as commercial, residential, or agricultural, and get greater control over how rent is collected. Whether you want to pass on fees to tenants or absorb them yourself, you can now configure this to suit your portfolio and business needs quickly and easily in the Re-Leased Pay Hub.
You can read more about managing fee allocations and payment methods in this help article ->
✨ Reporting✨
Area-level custom fields are now available in reports
improvements
If you’ve created custom fields for tenancy areas, you can now also report on them. Simply create a new or adjust an existing Tenancy Schedule/Rent Roll report in the Report Builder or an Invoice Details and Payments Report under the Financial Reports section.
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